SUBSEQUENT EVENT |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENT | SUBSEQUENT EVENT On July 2, 2026 the Company entered into a Second Amended and Restated Loan and Security Agreement. The ABL Credit Agreement provides for the ABL Loans in an aggregate principal amount of up to $225.0 million. The ABL Facility may be increased by up to an aggregate of $50.0 million, in minimum increments of $10.0 million. The ABL Credit Agreement amends and restates the Amended and Restated Loan and Security Agreement dated as of July 19, 2022. Interest shall accrue on outstanding borrowings at a rate equal to Term SOFR or Term CORRA plus a margin ranging from 1.25% to 1.75% per annum, or at an alternate base rate, Canadian prime rate or Canadian base rate plus a margin ranging from 0.25% to 0.75% per annum, in each case, based upon the average daily excess availability under the ABL Facility for the most recently completed calendar quarter. The ABL Facility will mature on July 2, 2031. On August 1, 2026, the Company completed the acquisition of Mequipco Ltd. Mequipco Ltd., provides DXP with a Canadian water and wastewater presence. The acquisition was funded with cash on the balance sheet and shares of DXP common stock.
|